Land Rent Scheme.

4.45 percent per annum
Interest Rate
4.49 percent per annum *
Comparison Rate
Standard variable owner occupied home loan. Only available in ACT.

Key features.

Great news if you live in Canberra. The ACT Government’s Land Rent Scheme is a more affordable way to own your own home. That’s because you’re buying or building your home on land that’s rented from the government, so you only need a loan just for the building. This makes it way cheaper and faster to own your own home. But it’s only available in the ACT and eligibility criteria and government approval are required. 

Great fixed or variable rate options.

Borrow up to 90% of the value of the security property.1

Four-months pre-approval.

We can pre-approve your loan so you can search for your property with confidence.

Option to redraw.

Withdraw any extra repayments you have made, or you could enjoy a repayment holiday.2

Benefits and rates.

  • Loan terms up to 30 years. Maximise your loan term and minimise your regular repayments
  • Flexible principal and interest repayment options. You choose when, how and how much you pay
  • Additional repayments available3
  • Parent equity available.


  • Establishment fee: $4454
  • Settlement fee: $200
  • Monthly service fee: $05


3.24 %† p.a.
Interest rate
3.65 % p.a.
Comparison rate
Total Home Loan Package

Variable Rate Owner Occupied Home Loans Find Out More

Land Rent Scheme FAQs

ACT Land Rent

The Land Rent Scheme is an ACT Government initiative to increase access to affordable home ownership.  The main purpose of the scheme is to reduce the entry costs and  mortgage payments for homeowners. The scheme is also expected to be used as a means for some people to advance their entry into homeownership, by saving to buy the land outright in the future while paying land rent.

Under the scheme, lessees rent the land from the Government. They are required to pay the Government land rent, calculated on the unimproved value of the block of land.  Lessees are then required to construct a house on the land within two years of the lease being granted.  

The scheme allows a person to lease the land rent block of land on an ongoing basis or to convert the land rent lease to a traditional Crown lease at a later date, effectively  purchasing the land from the Government at that time.  Land rent is not a ‘rent to buy’ scheme.

  • Income threshold: Household income does not exceed $160,000 and increases by $3,330 for each dependent child.
  • Residency: Lessee(s) must reside in the property.
  • Property ownership: Lessee(s) cannot own other real estates (in any other State or Territory in Australia or overseas). 
  • Information session: You must have attended a free information session at the Canberra Institute of Technology – contact CIT on (02) 6207 3188. This session is compulsory.
  • For more information, visit

Only single residential dwellings can be built on land rent blocks.  Units or attached dwellings cannot be built on land leased under the scheme.  Planning and quality controls applying to land rent blocks will be the same as for land held under traditional crown leases.



Lender’s Mortgage Insurance.

With the support of Lenders’ Mortgage Insurance (LMI), Beyond Bank may be able to accept a smaller deposit and provide a home loan to you that might not otherwise be available.



Ready to apply?

It’s simple really. Make this home loan yours in as little as 15 minutes with our online application form. 


Not ready to apply?

Have a chat with one of our experienced mobile lenders today. They can meet at your home, work, one of our branches or can chat with you over the phone.


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Interest rates are current as at 07/04/2020. Interest rates are subject to change without notice. 

^For full terms, conditions, fees and charges, please review our Financial Services Guide, Product Guide and Fees and Charges Guide.

1. Borrow up to $500,000 or 90% of the value of the security property (if it’s less than $500,000). Lenders Mortgage Insurance is required where the loan is greater than 80% of the value of the security property. This may vary based on the location of the property.
2. Redraws and repayment holidays are subject to approval. Fees and charges may be payable for the redraw facility. An amount equivalent to the next scheduled repayment for the loan cannot be redrawn from the in-advance amount.
3. Extra repayments are limited to $25,000 in any year during a fixed-rate period. Break costs may be payable on repayments greater than $25,000 in any year with each year commencing on the anniversary of the date the loan was fixed.
4. A settlement fee of $150 and other upfront fees including valuation fees and government charges are payable.
5. Except for the Basic Variable Home Loan, which has a monthly fee of $11.

Comparison rates are based on a loan of $150.000 with monthly repayments over a term of 25 years. Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Interests are subject to change without notice. Terms, conditions, lending criteria, fees and charges apply. Full details are available at the time of application or by contacting us.

This information has been prepared without taking into account of your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs. All loans are provided by Beyond Bank Australia Ltd. ABN 15 087 651 143 AFSL/Australian Credit Licence 237 856.

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